Series Solutions Trust ETF Forecast
Series Solutions Trust ETF downgraded to Hold/Accumulate
(Updated on Jun 28, 2024)
The Series Solutions Trust ETF price gained 0.147% on the last trading day (Friday, 28th Jun 2024), rising from $33.04 to $33.09. During the last trading day the ETF fluctuated 0% from a day low at $33.09 to a day high of $33.09. The price has been going up and down for this period, and there has been a 1.94% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 453 more shares were traded than the day before. In total, 453 shares were bought and sold for approximately $14.99 thousand.
The ETF lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 6.17% during the next 3 months and, with a 90% probability hold a price between $34.27 and $35.49 at the end of this 3-month period.
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OCIO Signals & Forecast
The Series Solutions Trust ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $33.04 and $32.44. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Series Solutions Trust has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -0.275%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Series Solutions Trust ETF
Series Solutions Trust finds support from accumulated volume at $32.32 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0%.
Our recommended stop-loss: $31.92 (-3.52%) (This ETF has low daily movements and this gives low risk. The RSI14 is 81 and this increases the risk substantially. There is a sell signal from a pivot top found 46 days ago.)
Trading Expectations (OCIO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect ETF Series Solutions Trust to open at $33.09, and during the day (based on 14 day Average True Range), to move between $32.99 and $33.19, which gives a possible trading interval of +/-$0.100 (+/-0.30%) up or down from last closing price. If ETF Series Solutions Trust takes out the full calculated possible swing range there will be an estimated 0.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $33.18 (0.28%) than the support at $32.32 (2.32%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is ETF Series Solutions Trust ETF A Buy?
Series Solutions Trust holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for ETF Series Solutions Trust of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$33.09 ( 0%) | $33.09 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OCIO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 33.09 | - |
R2 | 33.09 | - |
R1 | 33.09 | - |
Price | 33.09 | |
S1 | 33.09 | - |
S2 | 33.09 | - |
S3 | 33.09 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 33.18 | 0.276% |
Price | 33.09 | |
S1 | 32.32 | -2.32% |
S2 | 32.01 | -3.26% |
S3 | 30.89 | -6.64% |
OCIO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 19, 2024 | Mar 26, 2024 | Mar 28, 2024 | $0.167 | 0.522% |
2 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | $0.260 | 0.84% |
3 | Jan 13, 2023 | Sep 27, 2023 | Sep 29, 2023 | $0.160 | 0.556% |
4 | Jan 13, 2023 | Jun 28, 2023 | Jun 30, 2023 | $0.123 | 0.412% |
5 | Jan 13, 2023 | Mar 29, 2023 | Mar 31, 2023 | $0.170 | 0.591% |
FAQ
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